Funding Strengthens Balance Sheet Allowing Continued Investment In Ongoing Product Development and Differentiation
Blue Prism announced it has raised £100 million from existing and new investors, placing it in a strong position in the current economic climate. The funding will be used to further strengthen and protect Blue Prism’s balance sheet during a period of uncertainty for the wider economy, while allowing continued investment in the innovation of its dedicated enterprise intelligent automation suite.
In this new economic reality, automation has become a top business priority. Blue Prism is working to meet this demand by helping organizations stay resilient, responsive and competitive through the deployment of a Digital Workforce. The funding raised positions the business as a strong partner to its large enterprise customer base, well placed to accelerate Robotic Process Automation (RPA) adoption with organizations looking to maintain business continuity and alleviate the challenges of COVID-19 through intelligent automation.
“In this environment, our Digital Workers are arguably more important than ever in driving organizational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasized,” says Jason Kingdon, Executive Chairman and CEO of Blue Prism. “The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept (PoC) while leveraging leading-edge AI and cognitive capabilities.”